Adobe Photoshop Elements 5.0 is targeted to serious hobbyists, people who are beyond beginners and are proud of their photos.
The new versions of Adobe's Photoshop Elements 5.0 and Premiere Elements 3.0 became available in October 2006 for US $99.99 each, or bundled together for $149.99.
Full article: Summary of Adobe Photoshop Elements 5.0